The Securities Arbitration Law Firm of Klayman & Toskes, PA Investigates UBS Financial Services in Connection With the Sale of UBS V10 Enhanced FX Carry Strategy
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, announced today that it is currently investigating UBS Financial Services (UBS) in connection with the sale of UBS V10 Enhanced FX Carry Strategy. UBS AG (NYSE:UBS) issued senior unsecured securities linked to the UBS V10 Currency Index with Volatility Cap (“V10″), which provided participation in index performance of between 110% to 120% of the upside with exposure to 100% of the downside.
K&T is investigating whether UBS violated securities rules and regulations, including whether FINRA sales practice rules were followed for investment recommendations made about these highly complex structured products marketed to unsophisticated investors. These securities were not suitable for investors seeking principal protection, current income, or liquidity resulting from an active secondary market. Further, investors with a low risk tolerance should not have been exposed to these investments. K&T is investigating UBS’s conduct in connection with its supervision, management and marketing of the UBS V10 program to its customers.
If you invested in the UBS V10 program or have relevant information relating to this investigation, please contact Steven D. Toskes, Esq. or Robert J. Harvey, Esq. of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at www.nasd-law.com.
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